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Rich baby boomers jumped in with all-cash offers, and sellers scored huge windfalls as weary buyers pushed prices to new heights. After all, people have to move for a wide variety of life reasons; mortgage rates be damned. "The further and further we get from the peak of the market," Peterson told me, "the harder it is to deny what's happened." Mortgage rates haven't fallen — in fact, they've gone up about 0.6 percentage points since the start of the year. "It can always be tricky telling somebody that they were just lucky because it makes you sound envious," Peterson told me.
Persons: Rich, Sellers, Eric Peterson, Peterson, Austin, Freddie, they've, Selma Hepp, Freddie Mac, Mike Simonsen, Redfin, towners, Libby Levinson, Katz, Price, Levinson, John Burns, they'll, Realtor.com, you'd Organizations: Freddie Mac, Reserve, Federal Housing Finance Agency, Altos Research, Sun, John, John Burns Research, Consulting Locations: Austin, Boise , Idaho, Denver
In 2022, at the height of the "great resignation," a record 4.5 million workers each month — about 3% of the U.S. workforce — were quitting their jobs. While some economists have said this pandemic-era trend is over, new research from Microsoft and LinkedIn forecasts that even more people plan to leave their jobs in 2024. And Americans' confidence in their job-hunting prospects has reached its highest point in two years, a February 2024 ZipRecruiter survey of more than 2,000 jobseekers shows. Despite high-profile job cuts at a few large companies, layoff rates, much like unemployment, are lower than before the Covid-19 pandemic. Americans are more confident about their career prospects — but dissatisfaction with continuing high inflation and their current roles could equally be driving them to seek new opportunities.
Persons: Julia Pollak, Organizations: Microsoft, LinkedIn, CNBC Locations: U.S
It was a sunny afternoon in February at the height of the high season on the Caribbean island of Curaçao, but my partner, Aaren, and I were far from lounging on a white-sand beach, snorkeling over a coral reef or strolling among the Easter-egg-colored buildings of Willemstad, Curaçao’s capital and a UNESCO World Heritage site — typical activities for travelers to this former Dutch colony. Instead, on a kayak tour with Serlon St Jago, a guide from the Curaçao Rif Mangrove Park, we were learning about the country’s mangrove restoration, and the vital role mangrove habitats play in coastal resilience, protection for marine and bird species, and fighting the effects of climate change.
Persons: Serlon St Jago Organizations: UNESCO Locations: Curaçao, lounging, Willemstad, Dutch
Atlantis, The Royal Atlantis, The Royal: The double-height bar is perfect for sunset cocktails — although you won't be making your own drinks, as there's a 24-hour bartender ready to make your favorites. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.
Persons: Swedish House Mafia —, there’s, , Tom Roelens, There’s, Cabana, Rebecca Cairns, Kendall Jenner, “ We’ve, we’ve, Graff, bathrobes, Jay Z, Louis, Valentino —, , it’s, Estiatorio Milos, Costas Spiliadis, Organizations: CNN, Swedish House Mafia, Royal, Atlantis Resorts, Dolce, Gabbana, cabanas, Atlantis, “ Royal, Nobu, , Chefs, Sky Locations: Dubai, Beyoncé, isn’t, Arabian, Atlantis Royal Dubai
Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.
Persons: Blackstone, , BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, ​ ​ McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres
With a 20-year career that has seen him star in rom-coms, blockbusters and indie hits, it's hard to imagine Chris Pine ever had a hard time making it in Hollywood. But in a recent interview, the 43-year-old filmmaker revealed there was once a time when a paycheck for a supporting role had the potential to change his life. "I had an overdraft in my bank account, it was like $400 over," Pine said. "I pulled over onto the side of the freeway and they said 'You're getting paid $65,000,'" he continued. "It was like they'd just told me I was making $50 million.
Persons: Chris Pine, Willie Geist, they'd Locations: Hollywood
Unintentionally, they sat on the living room couch in order of age from left to right: Sam, Ben, Charlie. Sam and Charlie both had chocolatey brown hair like Rich and chestnut eyes while Ben was all vanilla with blond hair and light blue eyes. Our kids had a hard time understanding what had happened"So, wait, wait, Dad was fired?" "I just mean the group I was part of decided that they don't need as many people anymore," Rich said. Sam and Ben dashed to the kitchen with Charlie on their heels, ever the little brother.
Persons: , Ben, Charlie, Rich, I've, Dad, Charlie giggled, Sam, he'd, I'd, who'd, they'd, He'd, dibs, Liz Alterman Organizations: Service, Business, Sad, Vine Leaves Press
CNN —For South Dakota Gov. A bipartisan group of members of Congress set up a Congressional Dog Lovers Caucus in a not so subtle dig to the South Dakota governor. Some Republicans came to her defense, like South Dakota Rep. As many questioned why she volunteered this story in her book, Noem said it demonstrates how she doesn’t run from the truth. As governor of South Dakota during the height of the Covid-19 pandemic, she resisted lockdowns.
Persons: Kristi Noem, , Donald Trump’s, , Noem, Dusty Johnson, Dakota Sen, Mike Rounds, , ” Noem, ” Trump, Stephen Colbert, Kim Jong, Emmanuel Macron, Kim, Nikki Haley, Haley, Ian Fury, ” Fury, ” Jesse Hunt, Trump, She’s, Corey Lewandowski, That’s, ” Nancy Pallozzi, Matt Gorman, Gorman, it’d Organizations: CNN, South Dakota Gov, Cricket, The Guardian, Caucus, South Dakota Rep, Fox News, Dakota Scout, US House Armed Services Committee, North Korean, Scout, Politico, South Carolina Gov, Republicans, Republican, Republican Governors Association, National Rifle Association, Trump, Trump loyalists, Mar, California GOP, Jefferson County Republicans, Jefferson County Republican Party Locations: Dakota, America, Texas, South Dakota, California, Denver, Jefferson
Sometime in the next few years — no one knows exactly when — three NASA satellites, each one as heavy as an elephant, will go dark. Already they are drifting, losing height bit by bit. But age is catching up to them, and soon they will send their last transmissions and begin their slow, final fall to Earth. With some of the data these satellites gather, the situation is even worse: No other instruments will keep collecting it. In a few short years, the fine features they reveal about our world will become much fuzzier.
Organizations: NASA
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSix months after layoffs at food technology company City Storage Systems, another round of cuts hit teams globally, per leaked audio obtained by Business Insider. More than 80 US employees were cut at Otter, the company's restaurant tech arm, said a source familiar with the people laid off. This story is available exclusively to Business Insider subscribers. In fall 2021, CEO Travis Kalanick raised $850 million for CSS from investors including Microsoft, at a $15 billion valuation.
Persons: , Guido Gabrielli, Otter, Travis Kalanick, Kalanick, Uber, Gabrielli Organizations: Service, Storage Systems, Business, CSS, Microsoft, BI Locations: Canada, Latin America
The fall of Gucci was inevitable
  + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +13 min
"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.
Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia
HGTV's new show "Zillow Gone Wild" premieres May 3rd. AdvertisementHost Jack McBrayer tours one "Zillow Gone Wild" home with its owner Tracy Turco. Zillow Gone Wild is now driven by mostly user submissions, its founder tells BI. The "Pink Palace" is one home featured on HGTV's new show "Zillow Gone Wild." "Zillow Gone Wild" airs 10:30 p.m. on Fridays on HGTV and is streaming on Max.
Persons: , Jack McBrayer, Kenneth, Tracy Turco, Samir Mezrahi, Mezrahi, perusing, Dan Latu, Magda Gabor, Gabor, glamor, McBrayer Organizations: Service, HGTV, NBC, Hollywood Regency, Hollywood, Max Locations: Instagram, North Carolina, California, Palm Springs, Hollywood, Florida
Research dating back decades has found that emotional intelligence is the greatest predictor of success in the workplace. Having a high EQ can also help you manage stress and curb burnout, according to Kandi Wiens, director of the University of Pennsylvania's Master's in Medical Education program. For her new book, "Burnout Immunity," Wiens interviewed hundreds of people thriving in high-stress environments, including hospital employees and police chiefs who remained motivated and optimistic while working as first responders at the height of the Covid-19 pandemic. Wien suggests paying close attention to how you cope with stress to gauge your emotional intelligence at work. As Wiens explains in "Burnout Immunity," cultivating healthier responses to stress can prevent burnout, which stems from chronic, unmanaged stress.
Persons: Kandi Wiens, Wiens Organizations: University of Pennsylvania's, Medical, CNBC Locations: Kandi, Wien
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"I think that one might have come from me," Hathaway told Entertainment Weekly. "When you're watching Solène experience it, and you know that I'm a person that's experienced it, you can't really escape the film. It happens," Hathaway told EW. "I know that a lot of people go through this," Hathaway continued, regarding online bullying.
Persons: , Anne Hathaway, Solène, Hathaway, James Franco, Kevin Winter, Oscar, Christopher Nolan, It's Organizations: Service, Business, Entertainment
Read previewDrake and Kendrick Lamar were once considered collaborators, perhaps even friends. Over the years, however, Drake and Lamar came to represent very different versions of hip-hop greatness: the former is a commercial juggernaut, racking up No. Today, their separation is more apparent than ever: Drake and Lamar have become all-out foes. AdvertisementIn the former, Drake mocks Lamar's height with a reference to his latest Grammy-winning album, "Mr. Morale & the Big Steppers." "I hate the way that you walk, the way that you talk, I hate the way that you dress."
Persons: , Drake, Kendrick Lamar, Lamar, who's, it's, Lamar's, Cole's, Aubrey, Cole, Aubrey Graham, Taylor, Tupac Shakur, Angel Diaz, Sowmya Krishnamurthy, Krishnamurthy, Alphonse Pierre, Pierre, Pusha, Drake teardowns, DMX, Hunter Harris, Lamar's catty, Zoe Guy, Guy, Andre Gee, Lamar didn't, Gee, Kendrick doesn't, DJ Marseel, Shamira Ibrahim, I'm, Kendrick, bec, Tay Organizations: Service, Beatles, Business, Metro, Morale, objectifying, Billboard, Pitchfork, Stone Locations: Lamar
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I lost my job, my home, and almost everything I owned along with deep formative relationships, my identity, and my entire sense of self. When we began the divorce process, I moved my daughter and myself to my mom's for support. I knew I needed time and space to allow myself to grieve, and it was a slow and agonizing process. I'm still living at home with my mom and slowly rebuilding a life for my daughter and me.
Persons: Ayan Said, , Ehlers, affirmations, I'm, I've Organizations: LinkedIn, Service Locations: Somalia
Known as Shanidar Z, after the cave in Iraqi Kurdistan where she was found in 2018, the woman was a Neanderthal, a type of ancient human that disappeared around 40,000 years ago. The Shanidar Z facial reconstruction suggests that these differences might not have been so stark in life, Pomeroy said. Shanidar cave in Iraqi Kurdistan was first excavated in the 1950s. Neanderthals may not have honored their dead with bouquets of flowers, but the inhabitants of Shanidar Cave were likely an empathetic species, research suggests. Shanidar Z is the first Neanderthal found in the cave in more than 50 years, Pomeroy said, but the site could still yield more discoveries.
Persons: sapiens, Emma Pomeroy, Pomeroy, , “ She’s, ” Pomeroy, Graeme Barker, , Adrie, Alfons Kennis, Dr, Lucía, Danish paleoartists Adrie Organizations: CNN, BBC, Netflix, University of Cambridge’s, Cambridge, Liverpool, University of Cambridge, Catalan Institute, Human Locations: Kurdistan, Europe, East, Central Asia, Shanidar, Cambridge, Spain, Danish
It is aiming to be the first high-income country to reach net zero emissions in 2035 and net negative by 2040. Denmark, which the World Happiness Report recognized as the world's second-happiest country, is targeting net zero by 2045 — and net negative by 2050. Thierry Monasse | Getty Images News | Getty ImagesDanish Climate Minister Lars Aagaard said the need for negative emissions was clear. He added that Denmark's ability to achieve net negative emissions would hinge upon policies implemented over the next five to seven years. Sopa Images | Lightrocket | Getty Images
Persons: Sergei Gapon, Thierry Monasse, Lars Aagaard, Denmark's Aagaard, , Stefano Guidi, Donald Trump, Joe Biden, Trump, Biden, Kai Mykkänen, Mykkänen, Moscow … Organizations: Afp, Getty, Atlantic ., Agriculture Ministers, CNBC, Lars Aagaard Danish Climate, United Arab Emirates, Union, Nationalist, Former U.S, Finnish Climate Locations: Copenhagen, Denmark, Atlantic, Atlantic . Finland, Finland, Brussels, Belgium, Lars Aagaard Danish, Panama, Europe, Germany, France, Turin, Italy, U.S, November's, Paris, Finnish, Helsinki, Montreal, Beijing, Moscow, of Finland, Neva Guba
Sandra TorresTorres has a rare disorder called Laron syndrome that is caused by a genetic mutation. “This is how powerful this mutation seems to be.”What is Laron syndrome? Laron syndrome is a recessive gene, so only those who receive a copy from each parent will be affected. The condition leads to extreme obesity, a trigger for diabetes, heart disease, cancer and other diseases. While technically overweight at 100 pounds (45.4 kilograms), she was in good health, with no signs of diabetes or heart disease.
Persons: Paola Castro Torres, ” Torres, Torres, , ” Nathaly Paola Castro Torres, Sandra Torres Torres, , Valter Longo, Longo, Laron, Jaime Guevara, Aguirre, Guevara, ” Longo, ” Guevara, Andrew Freeman, Freeman, ” Hope, it’s Organizations: CNN, gerontology, University of Southern, of Endocrinology, Laron, Jewish Health Locations: Los Angeles, Quito, Ecuador, University of Southern California, Israel, Yemen, East, United States, Croatia, Ireland, Denver
Getir, the rapid grocery-delivery company that boomed during Covid lockdowns, said it was ending its operations in the United States and Europe, a major retreat by another pandemic darling. At its height, the privately held Getir was valued at nearly $12 billion after expanding quickly, buying up competitors and operating in nine countries. The company announced the decision in a short statement on Monday, adding that FreshDirect, its U.S. subsidiary, would continue operations. “Getir generates only 7 percent of its revenues from the markets it is exiting,” the statement said. “This decision will allow Getir to focus its financial resources on Turkey.”
Persons: lockdowns, Getir, Organizations: U.S Locations: United States, Europe, Turkey
Dr. Matthew JonesMost of Jones' clients work in tech and often deal with fast-paced work environments and uncertainty. AdvertisementJones shared six of the biggest communication mistakes he's seen business leaders and cofounders make — from how they address conflict to ignoring it until it's too late. They only understand business languageJones said there are three types of languages that all business teams speak: operational, psychological, and archetypal. They don't check in enoughJones said that when business leaders don't normalize listening and giving feedback, it can create rifts between them over time. AdvertisementUnfortunately, that represents the smallest percentage of his business clients; the vast majority "are currently experiencing varying degrees of conflict," he said.
Persons: , Matthew Jones, Dr, Jones, cofounders, it's Organizations: Service, Business, Stanford
Trump’s success might make you believe that he has turned the conventional wisdom on its head – that somehow, his legal troubles are helping him politically. There isn’t much of a sign that Trump’s legal woes are helping him among the wider electorate, even if they aren’t hurting him necessarily. Consider Trump’s polling against President Joe Biden. You might think that Trump would be gaining against Biden, if the cases against Trump were helping him. It’s not clear whether the money Trump’s raising because of appeals to his base during his legal troubles is offsetting the amount his committees are spending.
Persons: Donald Trump, Joe Biden, Trump, Biden, pollster, pollsters, don’t, Trump’s, isn’t, he’s, I’m Organizations: CNN, Republican, Biden, Trump, Marist College, Reuters, New York Times, Siena College, NBC, Quinnipiac University, Marquette University Law School, Times, Financial Times Locations: York, Quinnipiac, New York
The ‘outside agitator’ narrative has a long history
  + stars: | 2024-04-27 | by ( Harmeet Kaur | ) edition.cnn.com   time to read: +13 min
In these instances, and others, authorities have not offered many specifics about who the “outside agitators” are, how significant their numbers are or how they differentiated outsiders from university-affiliated protesters. “It seems to me that the ‘outside agitator’ claim is one to shift the focus away from the grievances of the students and their protest.”The emphasis on “outside agitators,” Morris says, detracts from the central issue that is driving students to protest: Israel’s war in Gaza. ‘Outside agitator’ trope has a long historyYou don’t have to look far back in history to find examples of the “outside agitator” narrative. “We want to say as clearly as possible - we welcome ‘outside agitators’ to our struggle against the ruthless genocide of Palestinians.”Still, the use of the term is more complicated than it seems. As pro-Israel politicians have amplified concerns around antisemitism, some supporters of students’ right to free expression have suggested “outside agitators” are undermining otherwise peaceful protests.
Persons: , Eric Adams, Kaz Daughtry, Gregory Fenves, Aldon Morris, Morris, aren’t, ” Morris, , detracts, Donald Trump, Trump, George Floyd, Jose Lusi Magana, , Kathleen Fitzgerald, White, ” Fitzgerald, Bruce Solomon, Solomon, Martin Luther King Jr, , Emory, Ayanna Pressley, Hank Johnson, Netanyahu, ” Alex Slitz, ” What’s Organizations: CNN, New York Police Department, Columbia University, New York University, New York City, NYPD, Fox, Emory University, University, Emory, Northwestern University, Associated, AP, White House, Washington D.C, Getty, Parkland, Civil Rights Movement, University of North, Southern Christian Leadership Conference, , Atlanta, Spelman College, Yale University, Chapel Hill, University of Texas Locations: Gaza, New York, York, , Washington, AFP, Oklahoma, Ferguson , Missouri, University of North Carolina, Mississippi, Brooklyn, Jackson, Miss, Birmingham, United States, Israel, Atlanta, Georgia, Columbia, Austin
Some mornings, Kaitlin Jorgenson travels 544 miles to get to a job she'll be at for 72 hours. Although Jorgenson was ready to leave New York, she didn't want to give up the career she had built there. All in all, Jorgenson estimates she would spend a minimum of $4,000 each month to live and work in Manhattan. Moving to Charlotte, Jorgenson estimates, has saved her at least $2,000 each month — commuting expenses and all. During the weeks she's not in New York, Jorgenson works part-time at Superbloom Hair Studio in Charlotte, a job with flexible hours that change depending on Jorgenson's appointment schedule.
Persons: Kaitlin Jorgenson, she's, she'll, Jorgenson, Scott J, Organizations: Charlotte Douglas International, CNBC, Companies, National Bureau of Economic Research, Corporate Locations: New York City, Charlotte , North Carolina, Brooklyn, Charlotte, New York, , New Jersey, Manhattan, New, LaGuardia, Houston, Chicago, Queens
Sidestep injury with the lateral lunge
  + stars: | 2024-04-25 | by ( Dana Santas | ) edition.cnn.com   time to read: +6 min
The side or lateral lunge is one of the best exercises for building lateral stability and mobility in the often neglected frontal plane. The side lunge also improves the mobility and stability of your hips, knees and ankles to avoid related strains and sprains. By strengthening the muscles involved in lateral movement with side lunges, you can accomplish these chores more efficiently while reducing your risk of muscle strain or injury. Training with side lunges can increase your lateral movement strength, enhance your mobility and boost your confidence to be more adventurous outdoors. The side or lateral lunge strengthens the quadriceps, hamstrings, glutes, adductors and core to help you ward off injuries.
Persons: Dana Santas Organizations: Pain, CNN
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